BANDAR SERI BEGAWAN (Borneo Bulletin/Asia News Network): A local man was charged in the Magistrate’s Court on Wednesday (Jan 26) for scamming people into investments and money laundering.
Police Constable 5953 Mohamad Azri Al Azhar Edham Khalid, 29, claimed innocence to the nine cheating charges and three money laundering charges.
DPP Dayangku Didi-Nuraza Pengiran Abdul Latiff’s case against the defendant allege with cheating two victims to part with their money amounting to BND1,300 by offering them in a non-specific investment scheme.
The defendant is further purported to have made a single victim to part with BND30,400 under the pretense of being able to invest the money into Forex trading.
The allegations as claimed by the victims occurred in June 2018, with the defendant promising monthly returns from then on to each and every deal he made with the victims.
It is also alleged that the defendant transferred BND15,860 of the money to his wife’s bank account in three transactions in June 2018.
The cheating charges carry penalties of up to seven years’ jail and fines, while the charges under the Criminal Asset Recovery Order each carry a fine of at least BND500,000 and up to 10 years’ jail, or both.
Magistrate Dewi Norlelawati Haji Abdul Hamid ordered the case to reconvene on Feb 9, while granting him bail.
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